MMS (multi-media messaging). YES don't use it much, but every other phone in the world today supports it, so at leat the iPhone is catching up

Notifications. NOT SURE didn't see any obvious reference tothis - have to look back through feed (tea time half way through!)

Cut & Paste YES - probably THE most wanted feature. Finally.

So certainly there's some great stuff there, although frankly, as previously mentioned, a lot of this stuff is what pretty much every other current phone can do anyway, so Apple are really just making up the ground here.

There's a pile of other stuff, much of it beyond my understanding, and reaction on TiPB seems pretty positive so far.

When will we be able to get it? Summer. Err, that means any time between about May and October, although if Apple stick to form it'll be July(ish).

Cost? Free - apparently.

Roll on summer!

Check out The iPhone Blog for a fuller, and more explicit explanation of what's in 3.0